Piraeus Bank issues 5-year covered bond of € 500 million

Piraeus Bank completed the issue of a 5-year covered bond of € 500 million, as announced.

The issue is part of the Bank's covered bond program of 10 billion euros, and most of it has been made available to international organizations such as the European Investment Bank, the European Investment Fund and the European Bank for Reconstruction and Development.

The coupon of the issue was Euribor +250 basis points, the most competitive among the recent Greek banks.

The proceeds of the issue will be used to finance investment οφ small and medium-sized Greek enterprises.